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Renko Trading For Gamers (RTFG)

  • #801
  • Apr 10, 2010 7:33am Apr 10, 2010 7:33am
Hello dear Renko traders,

As you all know, since last week i started to explore Harmonic Trading.
At first I thought it was OK to immediately take a position, as soon as a harmonic pattern was formed, but pretty quickly I discovered that too many false reversals arose, even on Renko charts.
Therefore I went looking for indicators which could filter out such false breakouts.
So I added two indicators that in my humble opinion, should be sufficient to filter out only qualitative reversals. Please consult the explanation on the attached chart for more clarification.

Load the extra indicators to the appropriate Indicator/folder,
and use the new template.

Gilbert.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-04-10_1350.png Size: 158 KB
Attached File(s)
File Type: mq4 DSS Bressert.mq4   3 KB | 1,591 downloads
File Type: mq4 Momo Counts v102.mq4   11 KB | 1,161 downloads
File Type: mq4 Gartley v102.mq4   103 KB | 2,049 downloads
File Type: mq4 Renko_SR_v2.0.mq4   6 KB | 1,203 downloads
File Type: mq4 BB_MACD_MT4_v6.mq4   9 KB | 1,444 downloads
File Type: tpl harmonic trading.tpl   72 KB | 910 downloads
  • #802
  • Apr 10, 2010 7:35am Apr 10, 2010 7:35am
Supplementary picture
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-04-10_1406.png Size: 113 KB
  • #803
  • Apr 11, 2010 8:17am Apr 11, 2010 8:17am
Is there any scalping technique in this thread?
  • #804
  • Apr 14, 2010 12:23pm Apr 14, 2010 12:23pm
Quoting fxeturn
Is there any scalping technique in this thread?
Hello guys just back from holyday and see not many posts but its ok...If any of you trade with Renko fell free to post


fxreturn,

Pandoras box is some way of scalping others strategy are more trend strategy for more pips and more time in trade..

45Fxguy whats up my friend ?
"Buy on fear, sell on greed !!!
  • #805
  • Apr 15, 2010 7:03am Apr 15, 2010 7:03am
Quoting Petar_Serbia
Hello guys just back from holyday and see not many posts but its ok...If any of you trade with Renko fell free to post


fxreturn,

Pandoras box is some way of scalping others strategy are more trend strategy for more pips and more time in trade..

45Fxguy whats up my friend ?

I'm not home right now, have some catching up to do too.
  • #806
  • Apr 15, 2010 9:55pm Apr 15, 2010 9:55pm
is anyone still consistently making pips from renko, I've turned to pure s/r
Annoying Precision
  • #807
  • Apr 17, 2010 11:12am Apr 17, 2010 11:12am
Here are my 2 trades with pandora box breakout method.......... it is working with great success for Eur/Jpy.

Thanx Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 25 KB
Click to Enlarge Name: ej2.gif Size: 21 KB
  • #808
  • Apr 22, 2010 8:43am Apr 22, 2010 8:43am
Hello Petar,
Thanks for the pandora and the pipcleaner.
Anything new i can really say i prefer the pipcleaner method because it's cool for scalping. Anyone using the pipcleaner here pls comment on the result so far.
  • #809
  • Apr 26, 2010 1:37pm Apr 26, 2010 1:37pm
hi folks,
this is the euro trade i got today +30pips. Thanks to petar serbia for this awesome technique. Is there any upgrade
Attached Image (click to enlarge)
Click to Enlarge Name: kjer.gif Size: 39 KB
  • #810
  • Apr 26, 2010 3:11pm Apr 26, 2010 3:11pm
Quoting paulson
hi folks,
this is the euro trade i got today +30pips. Thanks to petar serbia for this awesome technique. Is there any upgrade
I am glad you earned good pips

There is no update i dont have time for any experiment,but you can do that


Cheers
"Buy on fear, sell on greed !!!
  • #811
  • Apr 27, 2010 7:15am Apr 27, 2010 7:15am
Anyone test Forex Factory Sentiments, short or long term etc, with or without filters yet?
  • #812
  • Apr 27, 2010 7:36am Apr 27, 2010 7:36am
I have serious doubts about if any combination of indicators will give consistent returns over long periods of time.

One thing always remains the same.

1. Direction to trade
2. Entry condition
3. Exit condition

Once you have an understanding on how price moves in waves, how price reacts to previous levels of support/resistance and how price reacts to whole numbers then you will have some idea on how to trade.

Price Range Bars are extremely useful for reading price action.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 109 KB
  • #813
  • Apr 27, 2010 10:51pm Apr 27, 2010 10:51pm
http://www.forexfactory.com/market.php

Try this on 4hr on area, & check live.

Think I agree after taking about a month off from fx.
Use the gartley on 4hr for a heads up.
Use renko/range bars &/or pandor's box to see when/where a s/r area is tested, retested & finally broken.
I think someone has found a way to trade without even looking at charts a long time ago.
Warren Buffet
It's probably a little trickier to do the same with Fx, but think Petar is getting pretty good with the fundamentals of fx, watching news etc before he went on vacation. Maybe he'll enlighten us more on the current method that he uses.
  • #814
  • Apr 28, 2010 12:29am Apr 28, 2010 12:29am
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eum2.gif Size: 26 KB
Click to Enlarge Name: ejm2.gif Size: 19 KB
  • #815
  • Apr 28, 2010 6:26am Apr 28, 2010 6:26am
Quoting Pip26
Very good trades my friend


Just keep
"Buy on fear, sell on greed !!!
  • #816
  • Apr 28, 2010 6:55am Apr 28, 2010 6:55am
Quoting Petar_Serbia
Very good trades my friend


Just keep
Thanx Petar, is their any new rules add to these setups?

Regards
  • #817
  • Apr 28, 2010 7:56am Apr 28, 2010 7:56am
Quoting Pip26
Thanx Petar, is their any new rules add to these setups?

Regards
As i said in previuse post,i dont trade this becouse i dont have time i trade bigger timeframes but you can add new rules if you see in your trading...



Cheers
"Buy on fear, sell on greed !!!
  • #818
  • Apr 28, 2010 8:52am Apr 28, 2010 8:52am
You may not want to use all of these on the same chart, but maybe interesting to compare Murrey math lines with regular s/r to see how closely they match up sometimes.
Attached Image (click to enlarge)
Click to Enlarge Name: pandors box with murry math lines.gif Size: 30 KB
Attached File(s)
File Type: mq4 #---MurreyMath-TimeFrame.mq4   18 KB | 548 downloads
File Type: tpl pandors box with mm and s & r.tpl   25 KB | 524 downloads
  • #819
  • Apr 29, 2010 11:42am Apr 29, 2010 11:42am
After been absent for a while, I am back with a new idea to trade with Renko. The attached chart is based on 4 pips Renko.
You will need the attached supplementary indicators.

Please add your comments.

Gilbert.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-04-29_1826.png Size: 79 KB
Attached File(s)
File Type: mq4 VSAc TrendDiamonds.mq4   4 KB | 915 downloads
File Type: mq4 Spread.mq4   3 KB | 752 downloads
File Type: mq4 Renko_SR_v2.0.mq4   6 KB | 818 downloads
File Type: mq4 smSuper TRIX_PV_4col.mq4   14 KB | 956 downloads
File Type: ex4 DSS Bressert.ex4   4 KB | 831 downloads
File Type: tpl RenkoDSS.tpl   5 KB | 711 downloads
  • #820
  • Apr 29, 2010 12:02pm Apr 29, 2010 12:02pm
Quoting desander
After been absent for a while, I am back with a new idea to trade with Renko. The attached chart is based on 4 pips Renko.
You will need the attached supplementary indicators.

Please add your comments.

Gilbert.
Hmm very good idea for scalp do you know rules ? TP,SL ...


Cheers
"Buy on fear, sell on greed !!!
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